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government must step in to ensure the state and local government. the problem detroit faced is that -- >> state, local, and tribal government. >> and tribal government. [laughter] >> okay. >> the problem with detroit, unlike many municipalities that depend on revenue from real estate tax, they run on income taxes. they never recovered from 2001. the black unemployment rate never recovered from 2001. that downturn decimated the revenue stream for the city, and it never came back. if there are banks that are too big to fail, and we have to step in to make sure they function, there are cities that are too big to fail. [applause] >> bankruptcy in one of those cities. >> yes, and so it is not enough for the administration to say, oh, we're behind you, droit. no. we said to wall street, $800 billion we're behind you, so that's being behind me. [laughter] >> okay. behind you, what are the policies? >> so, wall street caused more damage than what we have put into the budget. there needs to be a financial transaction tax because when they gamble, we lose. [applause] they have to pay
of when they think of boston politics. >> what other races are you keeping an eye on? >> one is detroit. field ofthis candidates narrowed in a runoff to just two contenders for a job which is very important right now. the election itself may be less important compared to what happens after the election. how much power the mayor will even have when there is an emergency manager with sweeping authority. there is also houston. a democratic mayor is running a republicanerm opponent. she was elected mayor of houston, it became the largest american city with an openly gay mayor. you wouldy necessarily stereotype houston, texas. texas, it is worth keeping an eye on what happens there. if you cover politics and policy in this era of budget -- >> you cover politics and policy. what can mayor is expected from washington regarding infant -- regarding infrastructure, the nuts and bolts. >> you talk to mirrors over the country -- you talk to mi ayors and they are fed up with how little support they get from washington. certainty.ally no stimulusof ways, the that a lot of folks credit with helping gi
was identified at from detroit. heron and morris are on the ballot to be recalled because of deep objections by their constituents to particularly the gun grabbing votes that they cast some would say at the behest of the new york mayor michael bloomberg in this last legislative session. it's never been in the history of colorado that state legislators have been fired by we the people on the recall in midterm. that's what he means about september 10th. >> indeed. [applause] >> i think it's interesting just on the topic of new york city that you have a mayor now that is like a slurpee grabber and might be replaced by the most famous amateur photographer. >>> we will have more on the future of the political party tonight on c-span town hall. these programs and a variety of topics air live each tuesday, wednesday and thursday from seven to 9 p.m. eastern throughout the congressional recess. republican national committee chairman rights on the rising stars program today on the meeting in boston. we will have that live on c-span this morning at 11:15 eastern canadian alliance for health reform hol
as we have seen in europe and detroit last week? >> you frame this very well. i think it's a important as said to put things in context. when i go back to those years, it was an extraordinary time in american fiscal history. i will never forget being called to an emergency meeting in the fall of 2008 to the majority leader's office. they had been chairing the meeting on energy in another part of the capitol complex. i walked in and there may be 16 or 17 people in the room and in the house and the senate, republicans and democrats. the psychiatry of the treasury and the bush administration was about 6 o'clock in the evening they posted a guard at the door and closed the door. it was very unusual, as you know. and i knew something dramatic was afoot. i sat down and the meeting began. the secretary of the treasury and the federal reserve told us they were taking over the large insurance company the next day and they made very clear they were out there to seek our advice or approval. they were there to inform us they were taking the steps and they told us that if they did not do it they be
for the cluster. we've got an mp unit out of detroit, michigan, that is providing force protection. there's a large number of individual augments and smaller reserve units. you'll be happy to know that my standards questions today after i get done with business were are you a member of the reserve officers' association, and have you paid your dues? [laughter] most would look at me a bit curious, and when i get done i said, well, i'm going to be speaking to the reserve officers' association, and for effect, i pulled out my notebook, and i said i'm taking names. [laughter] so for the next few days, your membership committee is busier than usual, i'm going to take a little bit of credit for that. [applause] but, frankly, beyond letting you know that your reservists and guardsmen should be making you proud, there's a more important reason that i'm glad to speak about afghanistan, such an influential and engaged group of leaders. i've got a great deal of optimism about where we are in the campaign right now. there are challenges, to be sure, and i'll address those. but we have a very real oppo
Search Results 0 to 4 of about 5